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New York-based The Jones Group Inc. plans to reset its domestic retail business by closing approximately 170 underperforming stores by mid-2014. This plan is already underway and includes the 50 store closings announced in the fourth quarter of 2012. Upon completion, The Jones Group expects to operate a smaller and more productive chain of domestic stores, with outlet stores comprising a significantly higher percentage of the overall retail portfolio. The Jones Group Inc. operates more than 35 brands, including Nine West, Jones New York, Anne Klein, Kurt Geiger, Rachel Roy and more.